Volume of firearm purchases in October that resulted in an FBI NICs background check was the second highest for the 31-day reporting period on record, lagging only behind the scalding pace in 2020 when the pandemic and social unrest drove transfers to all-time highs.
Firearm sales processed through the FBI’s National Instant Criminal Background Check System (NICS) in June totaled roughly 1.4 million units.
Firearm-sales records were set, shattered, then set again in 2020, and show no signs of slowing down coming into 2021.
Smith & Wesson’s quarterly report for the period that ended Oct. 31 reflected the highest earnings in any three-month period for the gunmaker, shattering all previous highwater marks, including the record-setting sales figures set only 90 days before.
Smith & Wesson, Inc., does not expect gun sales to plummet after the 2020 presidential election.